Wednesday, October 27, 2010


I am not sure that future speaker Boehner could be serious about this and say he was interested in deficit reduction. Jon Chait (h/t @CitizenCohn) reporting that John Boehner, who is looking like the next speaker of the House wants to move away from PayGo, whereby any new spending or tax increases must be offset by other taxes or spending cuts. CutGo says that any new spending program has to be offset by a cut in other spending. Fair enough. Go for it. But, it explicitly says that tax cuts do not have to be offset.

A balanced budget means the ins match the outs. The ins are taxes and the outs are (explicit spending + tax expenditures). Simple idea, hard to achieve.

No comments:

Post a Comment